Residential Income Property with
1402 Leavenworth Street Omaha, NE 68102
1402 Leavenworth Street, Omaha, NE, 68102
$3,000,000
For Sale
$3,000,000
Large 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop and multiple gathering spaces for up to 21 guests.
Property Size12,379 SF
Price / SF$242.35
Days on Market27
Property Features for 1402 Leavenworth Street
General Information
- Standard status
- Active
- Size
- 12,379 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1938
Listing agency
(402) 778-7545
Listed by
Ryan Kuehl, CCIM, SIOR
Source
Investorsomaha
Added: Jun 25 Updated: Jul 20 at 7:47PM Checked: Jul 21 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ryan Kuehl, CCIM, SIOR
Investment Insights
Based on property information with market context.
This residential income property offers an expansive 4,300 sq. ft. layout with a 6,000 sq. ft. rooftop. The configuration includes 7 bedrooms and 4 bathrooms, along with two full kitchens and open living areas designed for group use.
On-site entertainment features include a speakeasy-style bar, an arcade room with a 100" TV wall and more than 17,000 games, and a private multi-level theater. The home is described as accommodating up to 21 guests.
Located in Omaha, Nebraska at 1402 Leavenworth Street, the property is positioned for investors seeking flexibility through a short-term rental-style setup while retaining strong residential-use fundamentals.
On-site entertainment features include a speakeasy-style bar, an arcade room with a 100" TV wall and more than 17,000 games, and a private multi-level theater. The home is described as accommodating up to 21 guests.
Located in Omaha, Nebraska at 1402 Leavenworth Street, the property is positioned for investors seeking flexibility through a short-term rental-style setup while retaining strong residential-use fundamentals.
Key Highlights
- Built in 1938
- 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop
- Rooftop features include a private rooftop oasis, described as the largest private rooftop downtown
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.1k | $15.84 |
| − Vacancy | −$14.7k | −$1.19 |
| EGI | $181.4k | $14.65 |
| − OpEx | −$81.6k | −$6.59 |
| NOI | $99.8k | $8.06 |
12,379 SF · lease $15.84/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,757 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,980 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Downtown Omaha Oasis
Vacation Rental
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Large 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop and multiple gathering spaces for up to 21 guests.
Where is this short term rental property located?
The property is located at 1402 Leavenworth Street Omaha, NE.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Built in 1938; 4,300 sq. ft. rental home with a 6,000 sq. ft. rooftop; Rooftop features include a private rooftop oasis, described as the largest private rooftop downtown
